Hey everyone - I am new to this type of price action analysis, I ascribe to the Jacko method of trading, but am trying to use pin and inside bars as methods of refining my entries. I picked up on this 4H pin (not a great example) at the double top ...

james16 Chart Thread

OK - I got in @ 2794 - my patience wore thin and I have to be off to a meeting and can't watch anymore. If I get stopped out, I'll place an AH.

Jacko's Forex House of Pleasure and Pain

I would love to see this 4H bar turn into a massive pin...but I also would love to be paid a million dollars a year too. a guy can dream can't he?

EURUSD

Agreed - if we get up that high we'll go a lot higher before coming back down.

EURUSD

In short @ 2800...I think the longer term bear channel will hold, along with some FIB confluence and the desire for price to come back to the daily pivot. EDIT - the FIBs are on another chart, if interested just ask.

EURUSD

As am I, but I think I'll wait for it to peak closer to the top of that channel. We are very near the Bearish daily channel too...

Jacko's Forex House of Pleasure and Pain

I am waiting for 2800. I will actually wait until it hits 2850 and then pick it up on its way back through 2800. If we don't get there, I have an order 1/2 order @ 2700 and then adding to it as we cross through 2600.

Jacko's Forex House of Pleasure and Pain

stop hit, out until i see somthing new

Jacko's Forex House of Pleasure and Pain

I think I'll let it ride, but I am moving my stops in to secure some more profit. Lets see what happens for the rest of the NY session!

Jacko's Forex House of Pleasure and Pain

I don't think we're done yet...seems to want to test the bottom of the 1H bull range... I am hoping for a close below

Jacko's Forex House of Pleasure and Pain

In @ 2787. What I see is price being rejected at the top of the Daily Bear Channel. We had an hourly bull channel and we will need to close below the lower line before any major bear moves. I am still looking for shorts if we retrace and then I will ...

EURUSD

I know, hahaha - I used to do the same thing...until I realized that most of those guys don't really post anything of significance.... I read it, but I am done contributing...I keep my writing for here.

Jacko's Forex House of Pleasure and Pain

Couldn't agree more...how has no one vouched for you yet?? Good advice and a seemingly good head on your shoulders. Will be watching closely - even if I am late for work...

Jacko's Forex House of Pleasure and Pain

Thats what she said...

EURUSD

I read this as the market is dropping, THANKS ... I know it was a gamble so no, I am not upset. I understand the fade theory and I usually stick to it pretty well but I got excited seeing that quick bull move and I like to get in at the "top" if I ...

Jacko's Forex House of Pleasure and Pain

ok ok...you've convinced me...still learning here. I closed my position with a few pips profit, but will make sure I have my orders in at the top of the range...Thanks for the "bop in the head" Have a good weekend.

Jacko's Forex House of Pleasure and Pain

Because technically I think we are not going higher than 2700 and def not 2800. I think the NFP has already been priced into the market and don't expect it to really impact price too much. also I work a full time job and can't watch the market after ...

Jacko's Forex House of Pleasure and Pain

wow...that was a fun ride last night. Good thing I didn't change my TSL to 200 I STILL would have been out. Shorted @ 2700...will close by noon since I don't like to hold over the weekend.

Jacko's Forex House of Pleasure and Pain

agreed, I have my order in right @ that FIB...smack on 2520

EURUSD

I see I see... Yes, isn't that what FOREX is? Potential? hahaha...

EURUSD